- Fitch Ratings has rated Argentina's Province of Chaco's long-term foreign and local currency issuer default ratings (IDR) B with a stable outlook.
- The Province of Chaco in Argentina is preparing an unsecured US dollar-denominated bond issuance of up to US$250mn in size, which would have an estimated maturity of seven to eight years. The planned issuance has been given a proposed rating of B(EXP) by Fitch Ratings, according to a note from the ratings agency. Reuters reports that BNP Paribas and UBS have been mandated to organise the roadshow
- Brazilian miner Vale issued a US$1bn 10-year senior unsecured bond at 6.25%. The orderbook reached US$3bn Reuters reports
- Mexican development bank Bancomext has mandated BBVA and Credit Suisse to market a US dollar-denominated 10-year (non-call 5) subordinated Tier 2 Capital (preferred) bond, with expected ratings of Ba1 and BBB from Moody's and Fitch according to Reuters
- Fitch Ratings has affirmed Emirates Islamic Bank's long-term IDR at A+ with a stable outlook CPI Financial reports
- Indian power company NTPC is planning to issue INR10bn in 'green' masala bonds with a coupon of between 7.5 and 7.6%. S&P Global Ratings rates the bonds BBB-. Axis Bank, HSBC and Standard Chartered are leading the deal the FT reports
- Noble Group have approached lenders looking to waive a debt covenant on US$3bn of credit facilities it refinanced less than 3 months ago according to the FT
- The Czech National Bank has kept interest rates on hold at 0.05%